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China's development path contributes experience to global development: experts

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China's development path contributes experience to global development: experts

2026-01-02 05:37 Last Updated At:11:37

International experts say that Chinese President Xi Jinping's New Year Message has offered a vivid snapshot of China's development, with many noting that the country's experience across economic, technological, and governance fields provides valuable lessons for other nations.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee, delivered his 2026 New Year Message on the New Year's Eve, in which he looked back over the past year and extended New Year wishes for the coming year.

In his message, President Xi highlighted the steady momentum of China's economy. In separate interviews with China Central Television, international experts noted that China's achievements amid a world-wide economic headwind provides valuable experience for other countries.

"President Xi Jinping's speech clearly demonstrated China's major achievements in economic development. China has also rolled out a range of policies and measures to boost both domestic and international economic activity and trade, with the launch of island-wide special customs operations in the Hainan Free Trade Port in particular," said Kamel Mansari, director of Publications of the Algerian newspaper Le Jeune Indépendant.

Davison Mung'andu, a member of the National Assembly of Zambia, highlighted China's people-centered approach.

(China) achieved modernization based on the Chinese style. A Chinese style is one that embraces the people, the community, (and) the citizens. And that is what we in Africa should strive to learn best practices from their modernization," he said.

Former Canadian senator Victor Oh shared his firsthand experience of China's economic growth and technology development.

"President Xi mentioned in his New Year Address that China's total economic output is expected to reach around 140 trillion yuan (20 trillion U.S. dollars), which is a stunning number. I visited China in November 2025, and was deeply impressed by the country's pace of development. What stood out most was China's rapid progress in electric vehicle technology, which is an eye-opener for me, and which stands well ahead of all other countries in the world," he said.

Former Mexican Ambassador to China Ismael Sergio Ley Lopez also highlighted China's advancements in science and technology.

"China's advances in science and technology, particularly in artificial intelligence, have placed the country at the forefront of global technological development, and I believe that it will have a major impact on the world. Following his three global initiatives, President Xi's proposal of the Global Governance Initiative deserves close attention and careful study by all countries," he said.

He was referring to the Global Development Initiative, the Global Security Initiative, the Global Civilization Initiative and the Global Governance Initiative proposed by Xi respectively in 2021, 2022, 2023 and 2025.

China's development path contributes experience to global development: experts

China's development path contributes experience to global development: experts

China's foreign exchange reserves stood at 3.3421 trillion U.S. dollars at the end of March 2026, down 85.7 billion dollars, or 2.5 percent, from the end of February, official data showed on Tuesday.

The State Administration of Foreign Exchange noted that in March, the U.S. dollar index rose, while prices of major global financial assets declined, influenced by the global macroeconomic environment, monetary policies of major economies, and market expectations.

The combined effects of exchange rate conversion and changes in asset prices led to a decrease in China's foreign exchange reserves during the month, the administration said.

China's economy registered steady and improving performance during the period, with new and higher-quality development momentum. Its steady performance provided solid support for keeping the scale of the country's foreign exchange reserves basically stable, according to the administration.

China's foreign exchange reserves decline in March

China's foreign exchange reserves decline in March

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